Florida is Number 1 in CNBC's Annual Study on the Economy
1. FloridaThe Sunshine State’s economy is white hot. Overall growth is among the strongest in the nation, with the job market to match as workers flood into the state. Florida’s housing market, which is notoriously prone to booms and busts, is well-balanced for the time being. Price appreciation is the fastest in the nation at around 15%, while construction activity is strong, and foreclosures are minimal. There are some clouds on the horizon: affordability is becoming an issue, and the insurance market is dicey. But for now, the future looks bright in the state with America’s top economy.
2023 Economy score: 340 out of 360 points (Top States grade: A+)
GDP Growth (2022): 4%
Job Growth: 4.9%
Debt Rating and Outlook (Moody’s): AAA Stable
Major Corporate Headquarters: CSX, Carnival
Read about America's best state economies
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